XEL Price/Volume Stats

Xcel Energy Inc. (XEL) Company Bio

Xcel Energy Inc. engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company was founded in 1909 and is based in Minneapolis, Minnesota.

The U.S. got more energy from renewables in 2019 than it did from coal, a year sooner than that same milestone is expected for the electricity sector on its own, according to the Energy Information Administration. Last year the U.S. consumed 11.3 quadrillion British thermal units of coal, the lowest level since 1964. By comparison, total consumption of renewable energy hit a record-high 11.5 quadrillion Btu, the EIA said Thursday, as the country’s base of wind and solar farms continued to expand. Prior to 2019, the last year that the country got more total energy from renewables than coal was 1885, when wood was the main renewable resource on offer. Earlier this month the EIA put out figures projecting that renewables will topple coal in the U.S. electricity mix throughout 2020, another...